Connect with us
X
Categories:

Technology

Securing Your Cryptocurrency: Avoiding Scams

Published

on

Share this post:

BITCOiN

Cryptocurrency is on the rise, and its benefits are becoming more apparent to people all around the world. Bitcoin is cryptocurrency’s most popular form, but there are many other coins out there that have values just as high. The cryptocurrency market is rapidly growing too – it had a worth of $100 billion in 2017. With cryptocurrency being so valuable, it’s no surprise that scammers see this as an opportunity for their own selfish gain. This article will teach you some ways to avoid cryptocurrency scams!

Phony Websites

Your business could be at risk of being fooled by a fake website. Websites that pretend to represent legitimate businesses have been set up and imitate them in many ways, including the logo or names on their pages! If an unfamiliar site offers its services without any security indicators near its URL bar AND with no “https” next time you visit, think twice before clicking anything else because someone might be trying hard enough for your money…and personal information too if they can get access like bank account numbers.

There is always room for improvement so make sure all links are checked out first.

When researching cryptocurrency investments, don’t be fooled by sites that look identical to the one you think it is. For example, if an attacker creates a fake URL with only zeroes in its address bar instead of letters ‘o’ then this will take users into another platform for payment rather than leading them towards their desired goal which could result in lost money and time spent on research alone! To avoid such scams, always double check any links before clicking or entering information so there aren’t costly surprises later.

Fake Mobile Apps

Scammers are always finding new ways to steal from cryptocurrency investors, and one of the most popular techniques is through fake apps available for download on Google Play Store or Apple App store. Although stakeholders can often quickly find these fake crypto-currency related programs (which may be) installed onto your device without permission; it doesn’t mean you should ignore what they’re doing – reports Bitcoin News

This has been going around since before coins became worth anything at all! The only way anyone knows how bad this problem really got was because some website had an algorithm that detected unusual activity…

Be wary of apps that seem too good to be true. The worst thing you can do as an investor is downloading a fake or suspicious app, which could cost your hard-earned money and leave you feeling robbed!

Deceiving Social Media Accounts & Updates

You’re following celebrities and executives on social media, but it could be a scam. That’s because there are impostor accounts that pretend to have more followers than they really do! The same is true for cryptocurrencies–you should never trust offers coming from Twitter or Facebook if the results seem impossible. Fake profiles exist everywhere these days too so beware of what you share with them.

The problem with these platforms is that scammers can use them to take your cryptocurrency. You have no way of knowing if they’re real or not, so be extra cautious!

Imposter Emails

It’s important to be cautious when investing in profit bitcoin. Just because an email looks exactly like what you would expect from a crypto company, it doesn’t mean the logo or branding are identical and there may not even really exist any legitimate team members behind the project!

Make sure that whoever sent them has verified personal information before putting money on such schemes by checking their LinkedIn profile for verification purposes- don’t ever click-through links within messages seeking more information though as those will take users into scam sites instead of actually getting closer towards making purchases online with secure credit card numbers provided during signup.

Conclusion

The scammers are always out there, looking for a way to steal your hard-earned money. They might announce fake ICOs or initial coin offerings as the latest con game in town – don’t fall victim!

Take time to look over all of this information carefully before you give any coins away; it could save someone else from losing what they’ve worked so hard to earn too.


Get More Stories Like This On: Facebook: @AllNaijaEntertainment, Twitter: @AllNaijaEntertainment
Roisea: Most Advanced Crypto Trading Platform for Bitcoin
Business1 week ago

The Role of Regulation in Crypto Investment: Navigating Legal Frameworks

Volatility in Commodities and How to Deal with It
Business3 weeks ago

Volatility in Commodities and How to Deal with It

Expanding Living Space
Lifestyle2 months ago

Expanding Living Space: Prefabricated Workshop Building Kits for Extra Rooms

BeBe Winans
Lyrics3 months ago

BeBe Winans – It All Comes Down to Love [Lyrics]

BeBe Winans
Music3 months ago

[Music] BeBe Winans – It All Comes Down to Love

The Countdown Begins to the Tournament That Has It All
ANE Football Analytical3 months ago

AFCON 2023: A Sporting Spectacle Set to Captivate the World

Litecoin: What Makes It The Crypto Winner?
Technology4 months ago

Runny Inflation Can Drive Cryptocurrency Adoption

Black and White French Bulldog puppies Frenchie Joy
Lifestyle5 months ago

Black and White French Bulldog puppies Frenchie Joy

3 Serious Reasons to Keep Your Teenager Away From Social Media
Lifestyle5 months ago

3 Serious Reasons to Keep Your Teenager Away From Social Media

Boxing vs MMA What Makes Them So Different
Sports5 months ago

Boxing vs MMA: What Makes Them So Different

Roisea: Most Advanced Crypto Trading Platform for Bitcoin
Technology6 months ago

NFTs and Intellectual Property Rights: Shaping Creative Ownership

The Birth of a Rugby Nation South Africas Love Affair with the Sport
Sports10 months ago

The Birth of a Rugby Nation: South Africa’s Love Affair with the Sport

A Beginner's Guide to Radicle (RAD): The Future of Peer-to-Peer Development
Technology11 months ago

A Beginner’s Guide to Radicle (RAD): The Future of Peer-to-Peer Development

Analysis of Nigeria's Renewable Energy Sector: Opportunities and Challenges
Technology11 months ago

Analysis of Nigeria’s Renewable Energy Sector: Opportunities and Challenges

Casino Gaming Poker
Sports12 months ago

What Are The Various Types Of Online Slots?

Luka Modric celebrates after scoring Real Madrid's second goal against Celta Vigo.
Sports1 year ago

Luka Modric set to join Ronaldo in Saudi Arabia’s Al Nassr

WHO World Health Organization
Health1 year ago

WHO debunks claims that tuberculosis is caused by witchcraft, poison

Atiku Abubakar
News1 year ago

2023 Election: Why DSS must arrest Fani-Kayode – Atiku

PDP Logo Umbrella
News1 year ago

PDP suspends National Chairman

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories1 year ago

[STORY] THE PASTOR’S DAUGHTER (Final Episode 13)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories1 year ago

[STORY] THE PASTOR’S DAUGHTER (Episode 12)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories1 year ago

[STORY] THE PASTOR’S DAUGHTER (Episode 11)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories1 year ago

[STORY] THE PASTOR’S DAUGHTER (Episode 10)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories1 year ago

[STORY] THE PASTOR’S DAUGHTER (Episode 09)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories1 year ago

[STORY] THE PASTOR’S DAUGHTER (Episode 08)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories1 year ago

[STORY] THE PASTOR’S DAUGHTER (Episode 07)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories1 year ago

[STORY] THE PASTOR’S DAUGHTER (Episode 06)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories1 year ago

[STORY] THE PASTOR’S DAUGHTER (Episode 05)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories1 year ago

[STORY] THE PASTOR’S DAUGHTER (Episode 04)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories1 year ago

[STORY] THE PASTOR’S DAUGHTER (Episode 03)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories1 year ago

[STORY] THE PASTOR’S DAUGHTER (Episode 02)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories1 year ago

[STORY] THE PASTOR’S DAUGHTER (Episode 01)

The Pastor Daughter Story by Miriam Edem _ ANE Story
ANE Stories1 year ago

[STORY] THE PASTOR’S DAUGHTER (Complete Episodes)

Papa Loves His Girls by Opeyemi Ojerinde Akintunde_ANE Stories
ANE Stories1 year ago

[STORY] PAPA LOVES HIS GIRLS (Episode 16)

Papa Loves His Girls by Opeyemi Ojerinde Akintunde_ANE Stories
ANE Stories1 year ago

[STORY] PAPA LOVES HIS GIRLS (Episode 15)

Papa Loves His Girls by Opeyemi Ojerinde Akintunde_ANE Stories
ANE Stories1 year ago

[STORY] PAPA LOVES HIS GIRLS (Episode 14)

Papa Loves His Girls by Opeyemi Ojerinde Akintunde_ANE Stories
ANE Stories1 year ago

[STORY] PAPA LOVES HIS GIRLS (Episode 13)

Papa Loves His Girls by Opeyemi Ojerinde Akintunde_ANE Stories
ANE Stories1 year ago

[STORY] PAPA LOVES HIS GIRLS (Episode 12)

Papa Loves His Girls by Opeyemi Ojerinde Akintunde_ANE Stories
ANE Stories1 year ago

[STORY] PAPA LOVES HIS GIRLS (Episode 11)

Papa Loves His Girls by Opeyemi Ojerinde Akintunde_ANE Stories
ANE Stories1 year ago

[STORY] PAPA LOVES HIS GIRLS (Episode 10)

ANE Billboard Hots